StockNews.com Begins Coverage on trivago (NASDAQ:TRVG)

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the technology company’s stock.

A number of other analysts also recently issued reports on the company. UBS Group cut their price objective on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Susquehanna dropped their price objective on trivago from $2.50 to $2.25 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2.68.

trivago Stock Performance

TRVG stock opened at $1.62 on Friday. The firm’s fifty day moving average is $1.82 and its 200 day moving average is $2.09. trivago has a one year low of $1.60 and a one year high of $5.90.

trivago (NASDAQ:TRVG) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. The business had revenue of $127.62 million during the quarter, compared to analysts’ expectations of $127.25 million. During the same period in the previous year, the business earned $0.10 earnings per share. As a group, research analysts expect that trivago will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of trivago

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in shares of trivago during the first quarter worth about $173,000. Tidal Investments LLC acquired a new position in trivago during the 1st quarter worth approximately $393,000. Finally, Acadian Asset Management LLC grew its position in trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after buying an additional 67,053 shares during the period. Institutional investors and hedge funds own 4.50% of the company’s stock.

trivago Company Profile

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.